The Reserve Bank of India's third bi-monthly statement made the following announcements in 2017-18 –

Current Policy Rates -

Repo Rate

6.00%

Reverse Repo Rate

5.75%

Marginal Standing Facility Rate (MSF)

6.25%

Bank Rate

6.25%

Cash Reserve Ratio (CRR)

4%

Statutory Liquidity Ratio (SLR)

20%

Details about Policy Rates:

Repo Rate –

This is the rate at which the Reserve Bank pays to the commercial bank.

Reserve Repo Rate –

This is the rate at which the Reserve Bank of India receives money from the commercial bank.

Cash Reserve Ratio (CRR) –

Banks should be kept as part of the fair demand and time liabilities as cash balances with the Reserve Bank.

Statutory Liquidity Ratio (SLR) –

SLR is a term used to control banking in India. It is in the form of cash, gold or authorized securities, balance of current account balance with other commercial banks.

Bank Rate –

Often in the form of very short-term loans, a bank rate is the rate of interest that the central bank of a country pays in local banks. Bank rate management system is a method by which central banks influence financial activities. It is also signals the medium-term stance of monetary policy.

Marginal Standing Facility Rate (MSF) –

It is a window to take deposits from a Reserve Bank in an emergency where the inter-bank liquidity is completely dry.